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Variable Annuity
Death benefits
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Nirmala
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Penn Mutual Life Insurance Company
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Death Benefits
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Enhanced Death Benefit
Edit Death Benefit
Death Benefit
Benefit Name
Internal Benefit Name
Inception Date
Closed Date
Rider Select Rule
Default
Mandatory
Optional
Based On Life
Annuitant
Owner
Owner (or Annuitant if owner is a natural entity)
Owner (or Annuitant if owner is a non-natural person)
Owner and Annuitant
Min Age
Max Age
Waiting Period
Waiting Term
Select
Age
Contract year
Days
Months
Years
Version Begin Date
Maximum Benefit Base
Maximum Benefit Base %
With Reduce Benefit Base
Select
Dollar for Dollar
Proportionally
DTCC Rider ID
Notes
Version Note
Benefit Description
Available during the accumulation phase. On the rider effective date, death benefit base is equal to the initial purchase payment. After rider effective date, death benefit base will increase with subsequent purchase payments, may step-up to the contract value and will decrease for withdrawals. A step-up is an increase of the enhanced death benefit base to 100% of the contract value, evaluated each contract anniversary until the 80th birthday of the younger covered life.
Other Info
Cancellation
May be cancelled at any time on or after first contract anniversary.
Termination
Benefit will automatically terminate upon earliest of - 1) change in ownership, 2) death, or 3) annuitization.
Available When Added
Only at contract issue.
Effect Change Ownership
Change in ownership will result in termination of rider except under certain conditions.
Exclude Premium Bonus
Terminated
Single Life
Joint Life
Spousal Continuation Option
Spousal Continuation Option
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